Equities research analysts predict that RLJ Lodging Trust (NYSE:RLJ) will post earnings per share of ($0.28) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for RLJ Lodging Trust’s earnings, with estimates ranging from ($0.33) to ($0.21). RLJ Lodging Trust posted earnings of $0.41 per share in the same quarter last year, which would indicate a negative year over year growth rate of 168.3%. The firm is expected to report its next quarterly earnings report on Tuesday, February 23rd.

On average, analysts expect that RLJ Lodging Trust will report full year earnings of ($0.99) per share for the current financial year, with EPS estimates ranging from ($1.11) to ($0.91). For the next year, analysts anticipate that the business will post earnings of ($0.29) per share, with EPS estimates ranging from ($0.44) to ($0.03). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover RLJ Lodging Trust.

RLJ Lodging Trust (NYSE:RLJ) last announced its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported ($1.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by ($0.72). The business had revenue of $83.93 million during the quarter, compared to analyst estimates of $88.19 million. RLJ Lodging Trust had a negative return on equity of 2.80% and a negative net margin of 7.60%. The business’s revenue for the quarter was down 77.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS.

Several research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of RLJ Lodging Trust from $10.00 to $12.50 and gave the stock an “equal weight” rating in a research report on Monday, November 16th. ValuEngine downgraded shares of RLJ Lodging Trust from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 5th. Bank of America downgraded shares of RLJ Lodging Trust from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $11.00 to $9.50 in a research report on Tuesday, September 29th. Raymond James downgraded shares of RLJ Lodging Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, November 23rd. Finally, Compass Point assumed coverage on shares of RLJ Lodging Trust in a research report on Monday, October 5th. They issued a “neutral” rating and a $9.50 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $11.00.

Shares of RLJ traded up $0.29 during mid-day trading on Friday, hitting $14.73. The company’s stock had a trading volume of 32,437 shares, compared to its average volume of 1,715,161. The firm has a 50-day moving average price of $13.67 and a 200 day moving average price of $10.32. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -23.13 and a beta of 1.78. The company has a debt-to-equity ratio of 1.01, a current ratio of 5.32 and a quick ratio of 5.32. RLJ Lodging Trust has a fifty-two week low of $3.88 and a fifty-two week high of $17.00.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Wednesday, December 30th. RLJ Lodging Trust’s dividend payout ratio is currently 1.97%.

Several hedge funds have recently bought and sold shares of the stock. Fisher Asset Management LLC boosted its holdings in shares of RLJ Lodging Trust by 19.5% during the third quarter. Fisher Asset Management LLC now owns 2,394,366 shares of the real estate investment trust’s stock worth $20,735,000 after purchasing an additional 390,424 shares during the period. Duff & Phelps Investment Management Co. boosted its holdings in shares of RLJ Lodging Trust by 3.6% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,975,994 shares of the real estate investment trust’s stock worth $17,112,000 after purchasing an additional 68,038 shares during the period. Palisade Capital Management LLC NJ boosted its holdings in shares of RLJ Lodging Trust by 3.8% during the third quarter. Palisade Capital Management LLC NJ now owns 1,443,062 shares of the real estate investment trust’s stock worth $12,497,000 after purchasing an additional 52,672 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of RLJ Lodging Trust by 7.0% during the third quarter. UBS Asset Management Americas Inc. now owns 812,290 shares of the real estate investment trust’s stock worth $7,034,000 after purchasing an additional 53,450 shares during the period. Finally, Matarin Capital Management LLC acquired a new stake in shares of RLJ Lodging Trust during the third quarter worth approximately $4,077,000. Institutional investors and hedge funds own 91.98% of the company’s stock.

RLJ Lodging Trust Company Profile

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio consists of 103 hotels with approximately 22,570 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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Earnings History and Estimates for RLJ Lodging Trust (NYSE:RLJ)

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